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Canada development partnership with U.A.E. builds bridges into Arab world

OTTAWA - Canada has a new development partner in the Arab world, and the foreign-aid minister says it could help the Harper government navigate the complex Middle East in the fight against poverty. Canada signed a development co-operation agreement with the United Arab Emirates this week at a major international development meeting in Mexico. The deal's main goals are to reduce poverty, support economic growth and promote human rights.

Spain's King Juan Carlos promotes economic links with U.A.E.

Abu Dhabi, Apr 14 (EFE).- King Juan Carlos thanked the United Arab Emirates on Monday for keeping its faith in a lasting strategic association with Spain, a country which, he said, has overcome recession and is growing again. In his address at a Spain-U.A.E. business conference, Juan Carlos said his country has been through a time of economic crisis that caused "a painful loss of jobs," but has now emerged from recession and there is a "strong comeback" of foreign investment in the Iberian nation.

Spain's King Juan Carlos visits United Arab Emirates

Abu Dhabi, Apr 13 (EFE).- Spain's King Juan Carlos paid tribute on Sunday to Sheikh Zayed bin Sultan al Nahyan, the founder of the United Arab Emirates at the mausoleum where his remains rest, heading straight there after his arrival in Abu Dhabi on the first leg of a trip that will also take him to Kuwait.

Fourth Iranian held in UAE over businessman's kidnap-source

DUBAI (Reuters) - An Iranian suspected of helping kidnap a British-Iranian businessman in Dubai has been arrested in Thailand and deported to the United Arab Emirates (UAE), an official source familiar with the matter said on Sunday. Ali Rehmat Assadi will stand trial in the UAE on charges of abducting Abbas Yazdi, who went missing in June, the source added. Yazdi's wife, Atena, has told UAE media she feared he might have been kidnapped by Iranian intelligence officers. Iran has denied any role in Yazdi's disappearance.

Dubai reaches refinancing deal with UAE central bank and Abu Dhabi on $20 billion of debt

DUBAI, United Arab Emirates - Dubai has reached an agreement with Abu Dhabi and the United Arab Emirates' central bank to extend repayment of $20 billion of debt it incurred in the lead up to the global financial crisis, the country's official news agency reported Sunday.

Abu Dhabi extends period of $20 bn loans to Dubai

Oil-rich Abu Dhabi and the UAE central bank agreed Sunday to roll over $20 billion in loans to neighbouring debt-laden Dubai after it was hit by the 2009 global financial crisis. The government of Abu Dhabi agreed to roll over a loan of $10 billion for a renewable five years, the state news agency WAM reported. The Abu Dhabi-based central bank of the UAE federation at the same time renewed subscription to Dubai bonds worth $10 billion for five years, it said. The loans, that were due this year, will have an interest rate of one percent, WAM said.

Dubai's Emaar plans $2.5 billion listing of shopping mall unit

By Andrew Torchia and David French DUBAI (Reuters) - Dubai's Emaar Properties said it would sell up to 25 percent of its shopping mall and retailing unit in a public offer expected to raise 8 to 9 billion dirhams ($2.18-$2.45 billion), making it one of the region's largest equity offers since 2008.

Mass. Gov. Patrick to celebrate Boston-Dubai nonstop airline service

BOSTON - Gov. Deval Patrick is preparing to join operators of Boston's Logan International Airport when the Middle East's biggest airline launches nonstop service to its home airport in the desert city of Dubai. Emirates Airline is set to launch the daily service between Boston and Dubai on Monday afternoon. Patrick is scheduled to welcome passengers from the first Emirates' flight to Boston, making the New England city the eighth U.S. destination for the Gulf Arab carrier.

Mass. Gov. Patrick to celebrate Boston-Dubai nonstop airline service

BOSTON - Gov. Deval Patrick is preparing to join operators of Boston's Logan International Airport when the Middle East's biggest airline launches nonstop service to its home airport in the desert city of Dubai. Emirates Airline is set to launch the daily service between Boston and Dubai on Monday afternoon. Patrick is scheduled to welcome passengers from the first Emirates' flight to Boston, making the New England city the eighth U.S. destination for the Gulf Arab carrier.

Flights into Abu Dhabi diverted by technical failure

ABU DHABI (Reuters) - All flights into Abu Dhabi's international airport are being diverted to other airports in the region on Thursday morning because of a technical failure, Abu Dhabi's state-owned carrier Etihad Airways said in a statement. Abu Dhabi airport authorities are working to fix the problem but there is dense fog in the Abu Dhabi area and operations will not resume until the weather has cleared, Etihad said without giving details of the technical problem.
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